Provinces launch 'full-scale attack' on home prices — but it likely won't be enough to slay housing dragon — via financialpost Canada RealEstate supply homeprices Mortgages
to 20 per cent and expanded its coverage across the province. Nova Scotia also set its sights on non-resident taxes as more demand comes in from outside the province.
“Ultimately, to realistically work towards controlling price appreciation, it’s supply. That’s purely what it is,” Ash said.A similar measure had been previously rolled out for pre-construction condominiums, allowing buyers a seven-day period to reconsider their decision. While Ash said the measure had no impact on condo valuations, it would be an apples to oranges comparison with the resale housing market.
Steve Saretsky, a real estate specialist at the Vancouver-based Saretsky Group, said the government’s aim should be to promote transparency in the house-hunting process, something that would ease the competitive frenzy that leads buyers to make rash decisions. The cooling off period, he said, could come with some unintended consequences.
For John Pasalis, president of Toronto-based real estate analytics firm Realosophy Realty Inc., the policy focus should be on creating more supply.“I don’t think these foreign buyer taxes … are bad, they’re just not the solution,” Pasalis said. “Certainly, the bigger policies that the provinces can be focusing on are things like obviously increasing density, adding supply, probably doing some sort of provincial ban on things like Airbnb — those types of things.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Barry Choi: How to invest in real estate when you can't afford a huge down paymentHow to invest in real estate when you can't afford a huge down payment
Weiterlesen »
Real estate in Tacoma, Washington: What you can get for $1.5MThis port city features plenty of large houses that sit on equally impressive plots of land.
Weiterlesen »
White House to announce steps on fighting 'real' global food shortagesNational Economic Council Director Brian Deese suggested that President Joe Biden will soon make an announcement on action taken by the United States and G-7 nations to prevent global food shortages sparked by the war in Ukraine.
Weiterlesen »
DFW Airport Program Helps Children With Autism Get Real-Life Airplane ExperienceAfter two years off due to the pandemic, the 'It's Cool To Fly American' program is back to help hundreds of families with children who have autism get real-life airport and airplane experience.
Weiterlesen »
Here's the real reason you should never pass a penny without picking it upThe real reason you should never bypass a penny is because of God, according to a post being shared by multiple Facebook users.
Weiterlesen »
I Don’t Know If Megan Fox’s Bangs Are Real But I Love ThemThey look SO good on her. 🔥
Weiterlesen »